Find Upfront Mortgage Lenders and Brokers - A Better Way to Compare Home Loans.
If you are looking for mortgage rates and information in a consumer friendly, straight-talk environment, the best way to go is to an Upfront Mortgage Lender or Broker. Many rate comparison sites offer you teaser rates that nobody could actually qualify for, or have other secret fees that add up to a more expensive loan.
When you start looking for an Upfront Mortgage with a certified lender or broker, they have agreed to provide you real-time quotes, and set fees that will be disclosed to you in full. This allows you to actually comparison shop to find the best upfront mortgage and know exactly what to expect throughout the process.
Upfront Mortgage Lenders & Brokers agree to:
- Provide instant access to the loan types it prices online
- Disclose all lender fees, including points, origination fees, and any fixed-dollar fees, and guarantee them through closing
- Disclose all other third party fees with the best estimates possible, indicating which if any are guaranteed by the Upfront Mortgage Lender (UML)
- Provide a clear explanation of its rate lock requirements, and disclose them prominently on documents and website
- Disclose all the information about its ARMs needed by shoppers to “make intelligent decisions”
When you work with a Upfront Mortgage Lender for a fixed rate mortgage or mortgage refinancing, you get the assurance that you won’t get surprised by rate increases and fees after you have gone down the funding path. It does not however include all closing costs paid to third parties like the appraisal, credit report, and title insurance, but you can ask for an estimate. Here is the current list of certified Upfront Mortgage Lenders, sorted with my favorite at the top:
UML’s can be a little more expensive than other loan sources. You may find a better rate elsewhere, and if you’ve done the research, go for it. But all-in-all, Upfront Mortgage Lenders are a great place to start your home loan or mortgage refinance research in a hassle-free, straight forward environment. Get started now.
